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 Fixed Deposit Rates In Malaysia V. No.15, Strictly for FD Discussion Only

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BWassup
post Nov 14 2023, 08:57 AM

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QUOTE(eddie2020 @ Nov 13 2023, 11:15 PM)
maybe try again tomorrow... so lousy, online also need follow office hour.. haha...
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Yeah, thot online banking should be 24/7, except for some downtime for end of day processing routines, and on and off maintenance.

Don't recall other banks being as restrictive as Maybank.

Maybank AI needs daily rest and weekends off too laugh.gif
BWassup
post Nov 15 2023, 04:58 PM

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QUOTE(elea88 @ Nov 15 2023, 04:47 PM)
yes the 70:30 must keep till the end of the 12 months.

thats why the interest rate work out to 4.13. (i base on 5.9% on the 70% fund)

but their tng says 4.145 .

if early withdrawal for both GET NOTHING . usual FD terms
or anything i am missing here?
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If the 30% in savings account earns 0.05%, the melded effective rate will be 4.145%.
BWassup
post Nov 15 2023, 05:11 PM

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QUOTE(elea88 @ Nov 15 2023, 05:03 PM)
but the officer says no interest. maybe he do not know.
he hard sell me the idea of the LUCKY DRAW... coz i say 4.2% with alliance vs yr bank islam 4.13

anyway i lazy to port it out of bank islam . i just renew it.
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From BI website:

Profit Rates from 16 October 2023 to 15 November 2023

Al-Awfar Account 0.05
BWassup
post Nov 17 2023, 11:18 AM

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QUOTE(joice11 @ Nov 17 2023, 08:49 AM)
Get the Signature Priority VI  more  lounge benefits. ---> I prefer Infinite because no need to submit personal financial info to bank

regarding the visa infinite u apply, its is confirm no need give epf, or income tax doc and u get approve for the card?
cause i apply the signature priority after deposit the rm350k fd, yesterday received call say my card not approve, need epf or income tax. or else pledge with another fd
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Sorry, which card doesn't need income tax, Infinte or Signature Priority VI?

I was under the impression that I am not eligible for AmBank credit cards since I am no longer working (other Bank RM also didn't encourage me to apply). More credit cards means more service tax charges. Not all banks willing to waive it.

Been using the normal debit card to meet my SPEND category to achieve the 2.5% rate => 4.875% bundled FD rate.

This post has been edited by BWassup: Nov 17 2023, 11:20 AM
BWassup
post Nov 21 2023, 09:28 AM

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QUOTE(cybpsych @ Nov 20 2023, 08:19 PM)
dang, I just transferred out 30k (daily max) after efd matured today. painful to withdraw out large sum. mbsb don't even have fpx.

will call them tomorrow if they offer this for my amount.

thanks
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MBSB daily max is still 30k?

I have a 100k FD maturing on Saturday 25th. At 30k per day, I will need 4 days to get all the funds out, so will be earning low interest in MBSB savings account. I think MBSB does not at onset fix the maturity date so as not to fall on weekends.
BWassup
post Nov 21 2023, 10:33 AM

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QUOTE(elea88 @ Nov 21 2023, 09:54 AM)
my MBSB due 26 nov..

no more auto renew with good fd rates?
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Will they give us additional FD interest up to Monday for maturity at weekends if we choose the non-renewal option for the FD? Or they just credit proceeds to savings account. Cos part of the funds stuck there due to low daily withdrawal limit hmm.gif

This post has been edited by BWassup: Nov 21 2023, 10:35 AM
BWassup
post Nov 21 2023, 12:32 PM

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QUOTE(bbgoat @ Nov 21 2023, 11:21 AM)
MBSB system adjust FD due on weekends to next Monday (working day). Surprised with yours that mature on Saturday.  hmm.gif
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My FD was placed 4 years ago, maybe the system wasn't upgraded yet at that time smile.gif

I checked with MBSB just now. They advised that for FD with promo or special rates done OTC (with physical FD Advice issued), withdrawal must also be done OTC.

Since my FD maturity date is on a Saturday, MBSB will pay an additional 2 days FD interest up to Monday, which is the next working day.

The total profit earned will be the same as what you mentioned i.e. as if the maturity date was extended to Monday. thumbsup.gif


BWassup
post Nov 21 2023, 05:59 PM

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[quote=Lazygenes,Nov 21 2023, 12:56 PM]
If you are near an mbsb branch u can transfer via ATM using duitnow, limit is 50k and no charges. That means one day can transfer out 50k + 30k. Faster
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[/quote


Truth be told, I have never used the MBSB ATM before apart from the initial change of password blush.gif

Do we need to set up the payee in advance for the ATM transfer, if transferring such a large amount? And is secure approval via MBSB app also required for the transfer, similar to online transfer?

Shall try it next Monday when my FD matures. Save the RENTAS charge. Thanks thumbsup.gif
BWassup
post Nov 21 2023, 06:05 PM

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QUOTE(cybpsych @ Nov 21 2023, 05:48 PM)
just back from mbsb ATM

2 transfer options. bank casa (instant transfer) and duitnow...

if transfer to casa, there is 50sen fee.

if duitnow, no fee. however, you cannot input bank account number!
just did duitnow transfer to my nric (linked to bank) for about rm42k

this morning already did online duitnow transfer of rm30k (daily limit)

thanks for sharing this tips smile.gif
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We can only key in NRIC for duitnow? Which bank will it be transferred to, to any bank we select? Will our name as beneficiary be displayed by system before we approve the transfer? Takuuut key in wrong IC number laugh.gif
BWassup
post Nov 23 2023, 10:26 AM

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QUOTE(bbgoat @ Nov 23 2023, 08:40 AM)
Yes, was in BR yesterday, no FD promo. Was there at that time 3 Chinese uncle/aunties (including me  biggrin.gif ) there withdrawing FD.

Moved to AmBank for FD/True Saver combo.  Again reminded by ABM that promo will end by 30/11.
I kept the ASNB account dormant, probably should have done the same, no more 4.8% FD, missed this one !
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Wow, AmBank sure pulling the plug early on the FD Bundle. They said until March 2024 initially. Must be good demand! laugh.gif
BWassup
post Nov 23 2023, 10:31 AM

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QUOTE(bbgoat @ Nov 23 2023, 10:25 AM)
Yesterday opened one more True Saver account in AmBank. Also go into FD/True Saver promo.

Based on TnC of AmBank True Saver promo

3.4 In the event where the TRUE Savers Accountholder(s) holds two (2) or TRUE Saversaccounts, Bonus
Rate will be awarded to the TRUE Saversaccount that maintains the highest balance during the month.

So it looks like only one single True Saver account will receive the bonus interest of 1.15% + 0.6%, if customer has
more than 1 True Saver accounts.

Please correct me if u have different interpretation.
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There was a discussion on this possibility a couple of weeks ago.

I believe we are only allowed one TrueSaver account that gets the bonus interests, following the TnC. The other account gets the normal 0.75%.

But you can still try, and let us know what happens a month later. biggrin.gif
BWassup
post Nov 23 2023, 04:08 PM

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QUOTE(CommodoreAmiga @ Nov 23 2023, 03:29 PM)
Eh..how come, i believe i saw it as 3.9% this morning in the system. Just placed some at 8 mths this morning.
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which rate is correct? confused.gif
BWassup
post Nov 23 2023, 04:30 PM

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QUOTE(dannyw @ Nov 23 2023, 04:23 PM)
https://www.hlb.com.my/en/personal-banking/...-promo-EFD-1123

Good, finally increase. Else I keep move to MBB due to HLB lower rate.
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ok. Yesterday 6 months was 3.75%. Today it's 3.90%. That's why the confusion laugh.gif

BWassup
post Nov 23 2023, 10:28 PM

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QUOTE(ycs @ Nov 23 2023, 10:20 PM)
just put in hlb 3.75% last week, now 3.9%;
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Worth it to do premature withdrawal and then place new deposit.
BWassup
post Nov 25 2023, 09:57 AM

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AmBank Truesaver bonus interest for October credited yesterday. The calculation is correct thumbsup.gif
BWassup
post Nov 25 2023, 09:55 PM

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QUOTE(New2LYN @ Nov 25 2023, 11:03 AM)
Hi, mind to share how did you spent to entitle for the 0.6%?
If do 3 transactions top up TnG ewallet 300,300,400, eligible?
The top up must be through credit card?
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All can. But I dont have Ambank credit card, so I spend and top up with debit card. It's also eligible thumbsup.gif
BWassup
post Nov 25 2023, 10:11 PM

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QUOTE(guy3288 @ Nov 25 2023, 05:34 PM)
people worried after sell ASM cant buy back. i have bought back almost all that i sold  .
if you open 2nd True saver account with your name inside as joint 2nd name  ,under same Am-online likely  no benefit
system would recognise as  same account

better open True saver with another name ,another debit card, separate Am online login.

anyway if can get bonus let me know.
i would also like to open another Am true saver using joint put my name as 2nd name
i checked my True Saver account, no bonus yet.. Bonus not paid all at the same time , paid in batches?
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Good question. I also have no idea why not all paid at the same time. Also why does it take 24 days to pay the bonus interest? laugh.gif

Can only guess maybe there is some manual checking and verification going on.
BWassup
post Nov 26 2023, 10:03 AM

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QUOTE(guy3288 @ Nov 26 2023, 01:25 AM)
u mean got other people still not getting the Am true bonus yet?
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idk. So far only you mentioned it.

Did you get it by now?

This post has been edited by BWassup: Nov 26 2023, 10:10 AM
BWassup
post Nov 26 2023, 04:11 PM

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QUOTE(New2LYN @ Nov 26 2023, 03:09 PM)
Mind to ask again for the ewallet top up, how long does it take to post the top up transactions in AmOnline? I noticed that if you top up today by using debit card, it won’t show in transaction history immediately, instead the amount will be in held. Just wondering how long does it take to be posted in transaction history?
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So far, for me, it ALWAYS takes 3 days for the top-up to be posted into Truesavers account detailed transaction listing. So if I were to do a top up on 28 November, it will only be listed on 1 December. Meaning that the transaction will count towards December Spend category, not November.

However, the Truesaver account balance will be deducted immediately on the day of transaction.
BWassup
post Nov 27 2023, 02:29 PM

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QUOTE(bbgoat @ Nov 27 2023, 02:18 PM)
Have been leaving the ASNB account dormant, not touching it. Next time may do as u suggested, move it out for good  FD offers then top up again.

I made the mistake of not reading the TnC on True Saver or not reading this forum's previous discussion. So now has 2 True Savers account. Anyway
topping up one of them to max 100k and treating the other one with FD combo of getting 4% FD with monthly interest.

Today was in AB again, this promo is ending by end Nov.

MBSB 24 mth 4.10% with monthly interest can negotiate higher for larger sums. Can get 4.15% for 6 figures account, all depends on the amt and the officer
involved.
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I also placed FD bundle with AmBank just now. At 1st the OIC said no more bundle promo, but after checking the directive from HQ, she confirmed that the promo will end after 30 November.

I agree that MBSB is quite willing to consider long term deposits. We just have to ask, and the branch will check with their Treasury on rates.

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